Tag Archives: economy

COMMENT | BENJAMIN AGABA |  President Yoweri Museveni has oftentimes highlighted four pillars, that he says are core for the economy and which every citizen needs to be engaged in. He urges Ugandans to engage in at least one of them for the country to achieve the socio-economic transformation goal as …

Kampala, Uganda | Julius Businge | Small businesses that have been negatively impacted by the COVID-19 lockdowns could smile any time from now if government plan to inject cash into their enterprises come to pass. This follows a meeting where the Federation of Small and Medium-sized Enterprises was invited by the …

Kampala, Uganda | THE INDEPENDENT | The Leader of the Opposition (LOP), Mathias Mpuuga has faulted government on its role in the recovery of the economy, saying that the state has relegated almost all its core obligations to the private sector. Mpuuga made these remarks while delivering his response to President Yoweri …

Kampala, Uganda | THE INDEPENDENT | The recovery of the economy has suffered a setback following the 42 days that the country was under a lockdown, this is according to economic analysts. The economy was recovering from the effects of the March-to-June 2020 lockdown, with both the Bank of Uganda and the …

Nairobi, Kenya | Xinhua | As the effects of climate change such as scarce rains and drought unfold in Kenya, the east African nation is warming up to alternative crops that were initially neglected to boost food security, with traditional staple crops facing increased threats. Maize and rice are among Kenyan …

Kampala, Uganda | THE INDEPENDENT | Uganda is expected to produce oil and gas by the end of 2025. While it is hoped oil and gas will be a game-changer for the economy, some say it may be a risky bet by countries like Uganda that are about to extract their …

Government should strengthen laws against cybercrime and include recovery as part of the legal process Kampala, Uganda | THE INDEPENDENT | The financial sector players and the Directorate of Public Prosecutions want the government to strengthen the laws against cybercrime and other economic offences to include recovery as part of the …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda on Monday said that the provisional data shows the country’s public debts as of end of April 2021 stood at 66.1 trillion shillings (18.9 billion U.S. dollars), up 15.1 percent from June 2020. The Bank of Uganda, in the state of economy …

  Valletta, Malta | Xinhua | Global oil demand is rising following an accelerated vaccination campaign and an economic recovery, pushing oil prices to two-and-a-half-year highs amid an output deficit. Although an agreement for more output reached among the Organization of the Petroleum Exporting Countries (OPEC) and its allies on July …

Washington, U.S. | Xinhua | U.S. President Joe Biden on Monday downplayed inflation fears as lawmakers will vote later this week to begin debate on the bipartisan infrastructure bill. “Our experts believe and the data shows that most of the price increases we’ve seen were expected and are expected to be …